The change was made following feedback from its brokers
Offshore bank Skipton International has decreased its mortgage minimum loan to £100,000 from the previous minimum of £150,000.
Specialising in UK buy-to-let mortgages for expats and non-UK residents, the Guernsey-licensed bank said they made the change following feedback from a number of its mortgage brokers who regularly have clients seeking buy-to-let loans between the amounts of £100,000 and £150,000.
“Economic and political circumstances have caused British expats and non-UK residents across the globe to look towards UK property for investment,” Roger Hughes (pictured), business development manager, said. “But the fast turnaround at which we can provide decisions is why we’re often the first port of call for these UK mortgage enquiries.
“We’ve worked hard to enhance our services to meet with expat demands, including this reduction in the minimum loan amount to £100,000. Where some lenders have withdrawn from lending in the expat market, we continue with our proposition, as we consider this to be a greatly valued market.”
